You may remember the good old days of a 30 day notice to quit to move your tenants on to their next abode. Well not no mo. If you have a month to month rental agreement that is less than 1 year old, you can still use the 30 day notice. If the tenant had a lease, you are obligated to give them 60 days to move. If a new owner after a foreclosure, 90 days is required. Although if the tenant had a lease prior to the trustee’s deed, you as the new owner are bound by the term of the lease.
CDC: Interim Guidance for Businesses and EmployersSBA: Small Business Guidance and Loan ResourcesScore: Small Business Disaster Preparedness ResourcesU.S. Chamber of Commerce: Combating the CoronavirusFEMA: Emergency Business Continuity Plan (PDF)WIPP: Policy Updates & Business Resources from … [Read More...]
(4-24-2017) - From our good friends at the Thordsen Law Offices: PENDING CALIFORNIA LEGISLATION THAT AFFECTS REAL ESTATE LICENSEES, MORTGAGE LOAN ORIGINATORS AND LANDLORDS FACTS AB 325 Termination of tenancy/sale of property left behind. (amends Civil Code Section 1988) This bill requires … [Read More...]
Supplemental Disciplinary Advisory to Real Estate Salespersons Who Mislead Consumers into Falsely Believing that They are Brokers -- and a Concurrent Caution to the “[Ir]responsible” Brokers Who Permit or Support Such Practices By Wayne S. Bell, California Real Estate Commissioner and Mark Tutera, … [Read More...]
MORTGAGE e-ALERT© (3-2-2017) from Thordsen Law Offices HUD/FHA home sold for less than the balance owed. Long Beach, California Real Estate Broker goes to prison for using straw buyers. Employer claims employee is exempt from overtime and loses to employee for over $100,000 in back … [Read More...]
From our friends at the Thordsen Law Offices: (2-7-2017) Ex-Tucson loan officer guilty of mortgage fraud. California BRE audits and the most common violations. Read this very carefully since the auditors always look for these violations. There are 9 but they are primary and ultimately … [Read More...]
CONSUMER e-ALERT© From our friends at Thordsen Law Offices: Employers in Los Angeles city are not allowed to ask about criminal convictions of potential employees. If you have a question you may call me at no cost to discuss . California residence in a revocable trust can still be … [Read More...]